Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,194 shares of the company's stock after selling 18,282 shares during the period. Twin Capital Management Inc.'s holdings in Albertsons Companies were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after purchasing an additional 2,347,875 shares in the last quarter. FMR LLC raised its holdings in shares of Albertsons Companies by 55.3% in the 4th quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after purchasing an additional 9,308,940 shares in the last quarter. Norges Bank bought a new stake in shares of Albertsons Companies in the 4th quarter valued at about $298,302,000. Parsifal Capital Management LP raised its holdings in shares of Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after purchasing an additional 1,657,981 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Albertsons Companies by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after acquiring an additional 428,506 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the sale, the executive vice president directly owned 162,569 shares in the company, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Evercore ISI reduced their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Roth Capital reaffirmed a "buy" rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.06.

Albertsons Companies Stock Performance

NYSE ACI traded down $0.17 during mid-day trading on Thursday, reaching $20.64. 1,256,812 shares of the stock were exchanged, compared to its average volume of 6,157,566. The business's 50 day moving average is $21.58 and its 200-day moving average is $21.24. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a market capitalization of $11.88 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.09 and a beta of 0.44. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.